-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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It’s maddening enough that I’ve got pay this. It’s an insult to know that the money is skimmed off to some connected entity and we’ve still got lousy, old, unmaintained roads with tolls to boot.
The fleecing of Americans, with no balls to speak up and defend themselves, only in closed quarters. Folks we need to wake up and start forming groups in numbers and fight back, not with violence but bring this to everyone’s attention, mailers, etc maybe wirepoints with it’s influence and donations can start a half hour tv show with a conservative tv station. We need to get the word out.